One of the Birmingham arms of the crashed Kookai chain has been saved, it was revealed yesterday.

A concession at the city's House of Fraser store will continue.

But the closed Bullring store is yet to find a buyer and its lease remains up for grabs.

As reported in The Birmingham Post, around 400 jobs at the clothing retailer were safeguarded on Wednesday night after the founders of the Oasis fashion empire bought a string of Kookai's UK stores from administrators.

An investment firm backed by Maurice and Michael Bennett - the brothers who founded the Oasis clothing stores - stepped in to secure a deal with French parent company, Kookai SA.

They took over 14 of Kookai's 25 UK stores and 27 of its 30 department store concessions.

Under the deal, investment firm Amery Capital now controls the Kookai brand in the UK after setting up a business called Kookai UK.

A total of 600 staff were working at 25 Kookai stores and 30 concessions across the country at the time of its failure earlier this month. Around 140 people have been made redundant by administrators Deloitte.

Six stores closed earlier this month when Kookai collapsed and five were shut this week.